The EU is concerned about the trade imbalance with China and the damage that Brussels claims it causes to key European industries. EU member states have tasked the European Commission, responsible for trade policy, with resolving disputes with China through dialogue. The negotiations are led by M. Šefčovičius.
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EU spokesperson Olofas Gillas indicated that the trade commissioner communicated with the Chinese minister via video call on Thursday, as Brussels seeks to avoid a painful trade war. Both officials discussed the negotiations held in the summer. According to O. Gillas, the EU’s priorities are managing Chinese exports to the bloc, European access to the Chinese market, and control of rare metals exports.
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China, dominant in the field of rare metals, restricted their export last year, causing the EU to worry about the impact of such actions on its supply chains.
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